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>> JAMIE DIMON Latest News

APR 12, 2013 - Investors Business Daily

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JPMorgan, Wells Fargo Lending Activity Sluggish In Q1

JPMorgan Chase and Wells Fargo beat Q1 earnings estimates Friday, but both banks relied on cost cuts and lower loan-loss reserves to help offset weaker revenue and stagnant loan activity. JPMorgan's (JPM) embattled CEO Jamie Dimon stated that loan growth in the industry had softened in the quarter as small businesses remained cautious "and are not investing their capital." JPMorgan and Wells Fargo (WFC)

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